Materion (NYSE:MTRN) Releases FY 2024 Earnings Guidance

Materion (NYSE:MTRN) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 5.200-5.400 for the period, compared to the consensus EPS estimate of 5.270. The company issued revenue guidance of -. Materion also updated its FY24 guidance to $5.20-5.40 EPS.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

Materion Stock Up 3.4 %

MTRN stock traded up $3.49 during trading on Friday, reaching $105.12. 83,898 shares of the company traded hands, compared to its average volume of 98,551. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 29.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.15. The business has a 50 day simple moving average of $107.16 and a 200 day simple moving average of $110.79. Materion has a 12 month low of $96.18 and a 12 month high of $145.08.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million for the quarter, compared to the consensus estimate of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities research analysts anticipate that Materion will post 5.25 earnings per share for the current fiscal year.

Materion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, November 14th. Materion’s dividend payout ratio (DPR) is presently 15.21%.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.